Are We in a Housing Market Bubble?

From Bill Conerly : We are not in a housing bubble. The tool that helped me identify the last bubble-measuring new construction relative to population growth-helps me now say we are not overbuilding.
I recently ran into someone who recalled a presentation that I made to his company's management team in 2006. He not only recalled that I spoke to the group, but he mentioned a chart that I showed which changed his view of the real estate market. At the time of my presentation, new residential had just turned down, but would have a lot further to go.
Here's the chart that I showed the...Read more ...